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Former Member
Feb 22, 2011 at 11:01 PM

PO or MIGO Price adjustment

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Dear Experts,

In our procurement scenario we get a ordered product from our vendor after 4 months from the date of order.

Therefore I creat a PO today and give the delivery date of after 4 months. Now at the time of goods receipt after 4 months the price of the material changes.

1. Our client's requirement is , either we do migo at the changed price(latest price) and do a retro adjustment on the price difference? eg- order a quantity at $ 100 and received at $ 102, so migo should happen at 102 and adjustment entry should be posted for $2.

Or

2. Can I changed the PO total price after 4 months?

Thanks in advance.

Regards

Paul